Venture capital firm Atlas Venture has reportedly closed its ninth fund – and the first raised since reorganising – on $265m.
A spokesman for the firm confirmed the fundraising to Dow Jones after it was reported by Fortune.
The total amount raised by Atlas topped its initial target by $15m, said Atlas partner Jeff Fagnan, according to the Boston Business Journal. The new fund is slightly smaller than the firm’s previous vehicle, which raised $285m in 2009, falling short of its $400m target.
The firm will continue investing in early stage tech and life sciences companies based in Boston.
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